Russian banking sector is stable — Central Bank Chairperson

The situation in Russia's banking sector is stable, says Central Bank Chairperson Elvira Nabiullina.

The situation in Russia's banking sector is stable, says Central Bank Chairperson Elvira Nabiullina.

"In general we see the situation in the banking sector as stable. The Bank of Russia is conducting regular stress-tests and their results show key indicators including capital adequacy as above the regulatory minimum even in our worst case scenario of $40 per barrel of oil," she said.

Commercial banks may yield 100 billion rubles ($1.8 billion) in profit by the end of 2015, she added.

However mortgage debt stands at 3.6 trillion rubles ($64 billion) as of the beginning of 2015.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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